Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. 4/5 units leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul.
This charming multi-family upper/lower property offers exceptional versatility and income potential. The main lower unit features two bedrooms, a full bath, a cozy front porch library, and a formal dining room with patio doors opening to a side deck. Its gourmet kitchen boasts granite countertops, custom cabinetry, a dishwasher, and a JennAir downdraft gas oven with an overhead microwave. Warm hardwood and durable tile run throughout most rooms. Upstairs, the quaint second unit combines kitchen and living space with a separate bedroom and bath?a blank canvas ready for updates to maximize rental value. Both units share an attached rear porch room with basement laundry access. Outside, you'll find a fully fenced yard, 2-car garage. This property presents a fantastic opportunity to customize utilities and unlock significant value.
Opportunity is REALLY knocking with this side-by-side duplex sitting on a spacious, fenced-in lot! Featuring a long-term tenant on one side and what has been operated as a successful furnished rental on the other, the most recent monthly rents were $1,755 and $2,650, with the furnished side bringing in as much as $3,150 per month! This property would also rent well as a standard long-term rental or be the perfect setup for an owner-occupant looking to use the rent from the other side to help pay the mortgage. So many opportunities and an investment that is absolutely worth a look. Be sure to schedule your showing right away!
Great investment! 5 Homes on one site! Tenants pay own gas and electric, while water and sewer is well and septic. Great rental income that could go higher, with low expenses. Excellent revenue potential! Tenants will need 24 hr notice for showing. Showings to start Monday 8/24.
A rare opportunity on Janesville?s west side, this well-maintained duplex is tucked away on a quiet cul-de-sac and offers two spacious 3-bedroom units with strong rental history and thoughtful updates throughout. 533 Harvard features 3 bedrooms, 2.5 baths, a private primary suite, and an attached oversized 2-car garage. Current rent is below market due to a long-term tenant, creating potential for future income growth. 2626 Harvard offers 3 bedrooms, 1.5 baths, and an attached 1-car garage. Both units are tenant occupied and have been consistently rented, making this an attractive option for investors or an owner-occupant looking to offset monthly expenses. A solid property in a desirable location with space, convenience, and dependable rental performance. Please allow 24-hour notice for all showings as these units are tenant occupied.
MOTIVATED SELLERS...Showings on Thursday Only!!! Opportunity awaits with this well-maintained Upper/Lower multi/family units offering strong rental income and significant recent improvements. Each unit features 2 bedrooms, 1 full bath. The property has undergone extensive lead hazard reduction improvements, with over $200,000 invested, including new windows, new interior doors, new siding, soffit, and fascia, providing peace of mind and reducing future maintenance expenses. Whether you're looking to expand your investment portfolio or owner-occupy one unit while collecting rental income from the other, this property offers solid cash flow potential and major capital improvements already completed.
Great first investment property! Whether an owner occupied or full rental property, this 2 flat is a great way to get started in investing. This property features a new boiler for the lower unit, 2 brand new water heaters, 3 new stairs and balcony, partial roof replacement, newer vinyl windows upstairs, along with fresh paint, and new carpet! The split back yard is great for tenants! Located near a vibrant downtown Janesville, this property wont last long! Call or text to get your showing today! -Showings need 24 hour minimum notice. Lower can only bee shown 4:30-7 during the week, and 9-5 on weekends. Upper can be seen at any time.
| Information is supplied by seller and other third parties and has not been verified. This IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. Copyright 2026 - Wisconsin Real Estate Exchange. All Rights Reserved Information is deemed reliable but is not guaranteed |
Janesville is located in Wisconsin. Janesville, Wisconsin has a population of 65,506. Janesville is less family-centric than the surrounding county with 26.46% of the households containing married families with children. The county average for households married with children is 28.01%.
The median household income in Janesville, Wisconsin is $63,259. The median household income for the surrounding county is $65,518 compared to the national median of $69,021. The median age of people living in Janesville is 39.7 years.
The average high temperature in July is 82.9 degrees, with an average low temperature in January of 11.2 degrees. The average rainfall is approximately 35.5 inches per year, with 34.2 inches of snow per year.